Section III - Supplementary Information

Financial Highlights

The future-oriented financial highlights presented within this Corporate Plan are intended to serve as a general overview of the Parks Canada Agency operations and financial position. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.

In preparing these future-oriented financial highlights, Parks Canada Agency has made estimates and assumptions concerning the future. These estimates and judgments may differ from the subsequent actual results. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to have reasonable certainty under the circumstances.

Future-Oriented Condensed Statement of Operations
For the Year Ended March 31($ thousands)

% Change

Future-Oriented
2012-13

Future-Oriented
2011-12

Expenses

Heritage Places Establishment

(16.4)

14,410

17,228

Heritage Resources Conservation

(0.5)

167,058

167,838

Public Appreciation and Understanding

(7.7)

50,494

54,706

Visitor Experience

0.3

227,799

227,164

Townsite and Throughway Infrastructure

(29.9)

60,449

86,250

Internal Services

(2.8)

74,072

76,172

Amortization of Tangible Capital Assets

2.0

104,059

101,994

Total Expenses

(4.5)

698,341

731,352

Revenues

Total Revenues

0.9

115,606

114,600

Net Cost of Operations

(5.5)

582,735

616,752

Transferred Operations Expenses

(100)

-

7,606

Net Cost of Operations

(6.7)

582,735

624,358

Future-Oriented Condensed Statement of Financial Position
As at March 31($ thousands)